China Regulators Give Willis a ‘5-Star’ Rating

Willis Group Holdings is celebrating the “5-Star rating in Quality” awarded the firm by the China Insurance Regulatory Commission (CIRC). Willis said that of the 98 brokers and agents operating in Shanghai that were assessed, “only eight companies were awarded five stars; the top company in this category being Willis with a score of 94 percent.”

Willis also noted that it was the “first international insurance broker to be granted permission to hold a majority share in a fully licensed broking operation in China, Pudong Insurance Brokers. In August 2004, CIRC granted Willis Pudong Insurance Brokers Co., Ltd. a broking license allowing the joint venture to engage in insurance and reinsurance broking activities throughout the People’s Republic of China.”

“This accomplishment underscores our commitment to this vibrant and growing market and we are pleased to retain our leadership position.” Commented Chairman and CEO Joe Plumeri. “”We constantly strive to achieve excellence in the quality of our work and we are thrilled this has been recognized by clients and insurers alike.”